Details
- Publication date
- 20 February 2020
Description
Model Pension Benefit Statements following the implementation of the IORP II Directive
The European Insurance and Occupational Pensions Authority (EIOPA) has created two model Pension Benefit Statements to provide practical guidance on how to implement the annual information document that IORPs are required to send to their members following the implementation of the IORP II Directive.
The model statements demonstrate how to provide clear information to members on their pension pot and will help them to make more informed decision about their retirement savings.
Both models were developed in line with the principles identified by EIOPA in its Report on the IORP II Pension Benefit Statement. They have been developed specifically for defined contribution schemes and, while containing the same information, reflect different communication styles.
